PZ Support Resistance MT5

3.71

Unlock key market insights with automated support and resistance lines

Tired of plotting support and resistance lines? This is a multi-timeframe indicator that detects and plots supports and resistance lines in the chart with the same precision as a human eye would. As price levels are tested over time and its importance increases, the lines become thicker and darker, making price leves easy to glance and evaluate.

[ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]

  • Boost your technical analysis
  • Customizable timeframe selection
  • Read price levels from the timeframe of your choosing
  • Detect important price levels without browsing through charts
  • Recognize the relative strength of all price levels at a glance
  • Save up to half an hour of plotting lines for every trade
  • The indicator displays the age of all price levels

Price levels are collapsed by proximity and adjusted to the current market action.

  • Price levels get darker and wider as they get rejected over time
  • Unimportant price levels are cleared regularly to avoid noise
  • It implements email/sound/push alerts for breakouts and false breakouts

Input Parameters

  • Timeframe: Choose the period to read price data from. Can be current or higher.
  • Period: Zigzag period used to read price points from. Zero means the indicator will choose the best period.
  • ATR Period: ATR period used to collapse prices by proximity.
  • ATR Multiplier: ATR multiplier used to collapse prices by proximity. A higher value will produce less lines.
  • Max History Bars: Amount of past bars to iterate in the indicator finding prices.
  • Color Settings: Enter your desired colors for support and resistance lines based on importance.
  • Label Settings: Display or hide age labels and customise colors and sizes.
  • Alerts: Enable display/email/push/sound alerts for breakouts and fake breakouts.


Author

Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.

Reviews 7
Kevin D
151
Kevin D 2024.08.17 20:24 
 

I have bought multiple products from PZ over the past 14 years, they are always well coded and you get excellent support. I had bought the MT4 version of this indicator a number of years ago, with now having transitioned to using MT5, I was missing having this in my charts. I did start having an Mt4 and MT5 platform open, so I could still see the indiactor running and the levels on the charts, then I tried some other S&R indicators, but they don't show the age of the support and/or resistance lines, which is what I really missed. Have a look at the screen shots and you will see on the far right the age, this is really helpful in knowing if you are looking at a new S&R line, or one that has been holding for a long time. I use it on a M5 chart these days, and leave the setting on current, but you can set it to daily if you want to see the larger timeframe lines. If you do this, you will see D1 in text on the S&R line, even if you are looking at and on an M5 chart which is really helpful.

Taffylola
313
Taffylola 2019.07.23 05:12 
 

Easy to use and accurate product love it. Great support. Highly recommend

hemmanuel
139
hemmanuel 2015.04.06 23:31 
 

Fantastic indicator.

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PZ TRADING SLU
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Protect against whipsaws: revolutionize your swing trading approach Swing Trading is the first indicator designed to detect swings in the direction of the trend and possible reversal swings. It uses the baseline swing trading approach, widely described in trading literature. The indicator studies several price and time vectors to track the aggregate trend direction and detects situations in which the market is oversold or overbought and ready to correct. [ Installation Guide | Update Guide | Tro
PZ Goldfinch Scalper EA MT5
PZ TRADING SLU
3.33 (49)
This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
FREE
PZ Reversal Fractals MT5
PZ TRADING SLU
4.53 (34)
This is the latest iteration of my famous indicator, Reversal Fractals, published for the first time almost a decade ago. It examines the price structure of fractals to determine possible reversal points in the market, providing timing to positional traders that already have a fundamental or technical valuation model. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Reversal fractals can start long trends The indicator is non repainting It implements alerts of all ki
FREE
Unlock market continuations with the accurate pennants indicator This indicator finds pennants , which are continuation patterns identified by converging trendlines surrounding a price consolidation period. Trades are signaled using a breakout period alongside the formation breakout.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds Optimal Usage To see pennants
PZ Trade Pad MT5
PZ TRADING SLU
4.41 (22)
This simple visual expert advisor allows you to trade easily from the chart. It handles risk management for you and can perform several useful tasks with your existing trades, saving time and making risk-management for each individual trade easier.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade easily from the chart Trade with precise risk management, hassle free Trade pending order with drag and drop price selection Set SL and TP levels with drag and drop pr
FREE
PZ Trend Trading MT5
PZ TRADING SLU
3.8 (5)
Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whip
PZ Day Trading MT5
PZ TRADING SLU
2.83 (6)
Effortless trading: non-repainting indicator for accurate price reversals This indicator detects price reversals in a zig-zag fashion, using only price action analysis and a donchian channel. It has been specifically designed for short-term trading, without repainting or backpainting at all. It is a fantastic tool for shrewd traders aiming to increase the timing of their operations. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Amazingly easy to trade It provides
PZ Goldfinch Scalper EA
PZ TRADING SLU
2.73 (41)
This is the latest iteration of my famous scalper, Goldfinch EA, published for the first time almost a decade ago. It scalps the market on sudden volatility expansions that take place in short periods of time: it assumes and tries to capitalize of inertia in price movement after a sudden price acceleration. This new version has been simplified to allow the trader use the optimization feature of the tester easily to find the best trading parameters. [ Installation Guide | Update Guide | Troublesh
FREE
PZ Harmonacci Patterns
PZ TRADING SLU
3.17 (6)
Trade smarter, not harder: Empower your trading with Harmonacci Patterns This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic pric
PZ Trend Trading
PZ TRADING SLU
4.8 (5)
Capture every opportunity: your go-to indicator for profitable trend trading Trend Trading is an indicator designed to profit as much as possible from trends taking place in the market, by timing pullbacks and breakouts. It finds trading opportunities by analyzing what the price is doing during established trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Trade financial markets with confidence and efficiency Profit from established trends without getting whip
PZ Turtle Trading EA MT5
PZ TRADING SLU
2 (4)
This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
FREE
PZ Chart Overlay MT5
PZ TRADING SLU
4 (1)
Master the market: harness the power of statistical arbitrage This indicator showcases the price action of multiple instruments on a single chart, enabling you to compare the fluctuations of different assets and seamlessly implement statistical arbitrage strategies. Its main usage is to find correlated symbols which are temporarily out of whack. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Find overbought or oversold currency pairs easily Plot up to six currency
FREE
PZ Lopez Impulse MT5
PZ TRADING SLU
5 (4)
Transform your trading approach with reliable bullish and bearish patterns This indicator evaluates volatility and price directionality simultaneously, which finds the following events. Decisive and sudden price movements Large hammers/shooting stars patterns Strong breakouts backed by most market participants Indecisive but volatile market situations It is an extremely easy to use indicator... The blue histogram represents the bullish impulse The red histogram represents the bearish impulse The
FREE
PZ Turtle Trading MT5
PZ TRADING SLU
4.67 (6)
The Turtle Trading Indicator implements the original Dennis Richards and Bill Eckhart trading system, commonly known as The Turtle Trader. This trend following system relies on breakouts of historical highs and lows to take and close trades: it is the complete opposite to the "buy low and sell high" approach. The main rule is "Trade an N-day breakout and take profits when an M-day high or low is breached (N must me above M)".  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Pr
FREE
PZ Pivot Points MT5
PZ TRADING SLU
4.91 (22)
This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It plots historical levels for backtesting purposes It allows you to select the reference timeframe It implements different Pivot Point calculation modes It implements different SR calculation modes It implements customizable colors and sizes Calculation Modes The indicato
FREE
This expert advisor implements the original Dennis and Eckhardt trading system, commonly known as The Turtle Trader. It trades exactly like the original turtles did, and can be used by experienced traders to capture trends in up or down markets. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable strategy settings Fully configurable trading settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit symbols Works for CFDs and for
FREE
This indicator analyzes how efficient is the current market movement based on the true high-low ratio of a certain number of bars.  [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] The ratio is the effectiveness of the market movement A ratio below 1 means the market is going nowhere A ratio above 1 means the market is starting to show directionality A ratio above 2 means the market is showing effective movement A ratio above 3 means the market moved too much: it will
Unlock powerful breakout opportunities The 123 Pattern is one of the most popular, powerful and flexible chart patterns. The pattern is made up of three price points: a bottom, a peak or valley, and a Fibonacci retracement between 38.2% and 71.8%. A pattern is considered valid when the price breaks beyond the last peak or valley, moment at which the indicator plots an arrow, rises an alert, and the trade can be placed. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ]
Identify precise entry and exit points with AB=CD patterns This indicator finds AB=CD retracement patterns. The AB=CD Retracement pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable AC and BD ratios Customizable b
PZ Trendlines
PZ TRADING SLU
4.27 (11)
Tired of plotting trendlines? The PZ TrendLines indicator applies a mechanical approach to the construction of trend lines for you! [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors Author Arturo López Pérez, private investor and speculator, software engineer and
FREE
PZ Inside Bars MT5
PZ TRADING SLU
4.5 (12)
Enhance your price action strategy: inside bar breakouts at your fingertips This indicator detects inside bars of several ranges, making it very easy for price action traders to spot and act on inside bar breakouts. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Customizable color selections The indicator implements visual/mail/push/sound alerts The indicator does not repaint or backpaint An inside bar is a bar or series of bars which is/a
FREE
PZ Three Drives
PZ TRADING SLU
5 (2)
This indicator finds Three Drives patterns. The Three Drives pattern is a 6-point reversal pattern characterised by a series of higher highs or lower lows that complete at a 127% or 161.8% Fibonacci extension. It signals that the market is exhausted and a reversal can happen. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Customizable pattern sizes Customizable colors and sizes Customizable breakout periods Customizable 1-2-3 and 0-A-B ratios It implements visual/s
FREE
PZ Sandwich Bars MT5
PZ TRADING SLU
5 (3)
Spot high-probability trades: sandwich bar breakouts at your fingertips This indicator detects Sandwich Bars of several ranges, an extremely reliable breakout pattern. A sandwich setup consists on a single bar that engulfs several past bars, breaking and rejecting the complete price range. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy and effective usage Customizable bar ranges Customizable color selections The indicator implements visual/mail/push/sound aler
FREE
The Stretch is a Toby Crabel price pattern which represents the minimum average price movement/deviation from the open price during a period of time, and is used to calculate two breakout levels for every single trading day. It is calculated by taking the 10 period SMA of the absolute difference between the open and either the high or low, whichever difference is smaller. This value is used to calculate breakout thresholds for the current trading session, which are displayed in the indicator as
FREE
Identify trending and flat markets effortlessly This indicator calculates how much has a symbol moved in relative terms to find trending or flat markets. It displays what percentage of the latest price range is directional. It can be used to avoid trading in flat markets, or to find flat markets to execute range-bound trading strategies. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] A value of zero means the market is absolutely flat A value of 100 means the marke
FREE
PZ Pivot Points
PZ TRADING SLU
4.6 (10)
This indicator displays pivot points in the chart, including historical vales, and supports many calculation modes for Pivot Points and S/R levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It plots historical levels for backtesting purposes It allows you to select the reference timeframe It implements different Pivot Point calculation modes It implements different SR calculation modes It implements customizable colors and sizes Calculation Modes The indicator
FREE
PZ The Zone
PZ TRADING SLU
4.33 (3)
This indicator displays buy or sell signals according to Bill Williams' definition of the Trading Zone. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and understand Avoid trading flat markets Deterministic indicator with clear rules The indicator is non-repainting It implements alerts of all kinds It has straightforward trading implications. A blue arrow is a buy signal A red arrow is a sell signal According to Bill Williams trading in the zone helps to
FREE
PZ The Zone EA
PZ TRADING SLU
4.67 (3)
This expert advisors trades donchian breakouts according to Bill Williams's definition of "Trading in the Zone". It uses alligator to find strong trends, AC and AO to identify trading zones and MACD to avoid trading exhausted trends. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] Easy to use and supervise Fully configurable indicator settings Customizable break-even, stop-loss, take-profit and trailing-stop settings Works for ECN/Non-ECN brokers and 2-3-4-5 digit s
FREE
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Kevin D
151
Kevin D 2024.08.17 20:24 
 

I have bought multiple products from PZ over the past 14 years, they are always well coded and you get excellent support. I had bought the MT4 version of this indicator a number of years ago, with now having transitioned to using MT5, I was missing having this in my charts. I did start having an Mt4 and MT5 platform open, so I could still see the indiactor running and the levels on the charts, then I tried some other S&R indicators, but they don't show the age of the support and/or resistance lines, which is what I really missed. Have a look at the screen shots and you will see on the far right the age, this is really helpful in knowing if you are looking at a new S&R line, or one that has been holding for a long time. I use it on a M5 chart these days, and leave the setting on current, but you can set it to daily if you want to see the larger timeframe lines. If you do this, you will see D1 in text on the S&R line, even if you are looking at and on an M5 chart which is really helpful.

Andres.Morelo
130
Andres.Morelo 2022.07.17 15:28 
 

Worst indicator I've ever tried

PZ TRADING SLU
831321
Reply from developer Arturo Lopez Perez 2022.08.28 13:46
Thanks for your review.
3015369
159
3015369 2021.01.16 15:45 
 

doesnt work at all

PZ TRADING SLU
831321
Reply from developer Arturo Lopez Perez 2021.05.08 17:36
I have updated the indicator today. I hope this version earns a better judgement. Thanks.
loveday iyalla
181
loveday iyalla 2020.07.26 15:53 
 

One of my favorite tool. I recommend .

Taffylola
313
Taffylola 2019.07.23 05:12 
 

Easy to use and accurate product love it. Great support. Highly recommend

hemmanuel
139
hemmanuel 2015.04.06 23:31 
 

Fantastic indicator.

Giovanni Pascoli
1697
Giovanni Pascoli 2014.04.08 18:40 
 

It is an Excellent indicator.

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